People are still in shock and really don't know what to make of it. The Tampa Bay Times in St. Petersburg, Fla. is run by a for-profit operation owned by the Poynter Institute, and The Day, a New London, Connecticut-based newspaper held in a public trust.

As a St. Pete Times alum (still have a tough time calling it Tampa Bay Times) I can attest that the media institute ownership can be great, but that's my perspective from a dozen-plus years ago. In this era, it's doing them zero favors.